Press release
Compressor Wheel Market Projected to Reach $4,334.6 Million by 2030
Compressor Wheel Market
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The compressor wheel market size was valued at $2.7 billion in 2020, and is expected to reach $4.3 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Enforcement of stringent regulations rules for emission across the globe is prompting vehicle manufacturers to develop and manufacture lightweight engines, which will help to increase the fuel efficiency of the vehicle. This drives the compressor wheel market trend around the world. In addition, rise in demand for high power vehicles led to manufacturing of high powered turbochargers, which helps automobile engines to generate high-power output that results in high-torque generation for the vehicle and improved efficiency of engine. These are factors are anticipated to propel the compressor wheel market growth.
Top 10 Leading Players
BorgWarner Inc.
Doncasters Group
Garrett Motion Inc.
KTS
Melett Ltd.
Nelcon Motor Company
Owen Developments
Turbotech Precision Products Ltd.
UACJ Corporation
Wabtec Corporation
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Key Market Segments
By Material
Cast Iron
Aluminum
By Application
Automotive Engine
Stationary Engine
By Sales Type
OEMs
Aftermarket
By Region
North America
Europe
Asia-Pacific
LAMEA
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